FSUMF News and Press, Fortescue Metals Group Ltd. From 09/17/20

Singapore iron ore futures ( SCO:COM ) fall as much as 2.5% to $116.65/ton, capping 6%-plus losses over the past three days, with signals mounting that the tightness in the seaborne market that pushed prices to multiyear highs is easing . More news on: Iron Ore Futures, BHP Group, Rio T...

Fortescue Metals ( OTCQX:FSUMF -0.9% ) says it will not consider a shareholder resolution at its annual general meeting that called for a halt to activities that could damage Aboriginal cultural heritage sites. More news on: Fortescue Metals Group Limited, Commodities news, Read ...

Fortescue Metals ( OTCQX:FSUMF ) reports a 49% increase in full-year net profit to a record US$4.74B, as it shipped a record 178.2M metric tons of iron ore over the year and expects to ship 175M-180M mt during the current financial year. More news on: Fortescue Metals Group Limited, Co...

Iron ore prices push past $123/ton on the Singapore Exchange to the highest in more than six years, but analysts at ING Bank believe the rally could slow as miners ramp up production . More news on: Rio Tinto Group, BHP Group, Vale S.A., Commodities news, Read more ...

Unlike most countries, the emphasis on stimulating the economy in China has been almost exclusively on infrastructure projects. And I agree with the assertion that the vast majority of them serve to improve China's image in the eyes of foreign investors. The emphasis on infrastructure in C...

Chinese steel production is expected to support an increase in capital spending in Australia on expanding iron ore production capacity , which in turn should support more investment spending across the resources sector, the Reserve Bank of Australia says. More news on: Rio Tinto Group, BH...

Fortescue Metals ( OTCQX:FSUMF ) says it will review plans at an iron ore mine in Western Australia after indigenous people said a planned expansion threatened sacred sites, including a 60K-year-old rock shelter. More news on: Fortescue Metals Group Limited, Commodities news, Read ...

Fortescue Metals ( OTCQX:FSUMF ) says it exceeded its full-year iron ore estimates with record Q4 shipments on strong demand for the steelmaking ingredient from China. More news on: Fortescue Metals Group Limited, Commodities news, Read more ...

Rio Tinto ( RIO +2.1% ) and Fortescue Metals ( OTCQX:FSUMF ) are upgraded to Sector Perform from Underperform at RBC Capital, as "higher Chinese demand has placed iron ore into a more balanced market than our previously too conservative forecasts suggested." More news on: Rio Tint...

China is the largest consumer of commodities, which is why whatever happens in China is of great consequence for mining companies like BHP Group ( BHP ). While Chinese demand has remained robust up to this point, recent developments call into question whether that will always remain the case. ...